Sunday 14 February 2016
 
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WTI

Oil approaches 20pc fall since beginning of the year

Crude oil prices continued a relentless dive early on Tuesday approaching a 20 per cent drop since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls. US cr

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Oil approaches 20pc fall since beginning of the year

Crude oil prices continued a relentless dive early on Tuesday approaching a 20 per cent drop since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls. US cr

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Oil up 1pc to $44.66 on short-covering

Brent oil settled 1 per cent higher on Friday on pre-weekend short-covering, while US crude settled lower but just above the $40-per-barrel support it has struggled to defend after a surge in inventories. US crude's expiring s

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Oil inches up above $50 ahead of US stocks data

Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await US oil inventories data to gauge supply. Oil markets paused for a breather after p

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Oil prices to stay weak for at least a year

Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. Reuters monthly

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US crude prices could drop to $40, warns Goldman

Oil prices will reverse their recent gains as global crude inventories begin to increase again, with US crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs said. Oil prices rose by almost a third between Ja

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Oil edges up on optimism over Greek accord

Oil prices edged up after early falls on Monday as parts of Asia returned from the Lunar New Year holiday, with Brent futures moving further away from $60 a barrel and US contracts moving towards $51. After early trading losses, b

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Oil steadies after Opec says prices may have bottomed

Oil prices were little changed on Tuesday, with Brent holding above $48 following comments from a top Opec official that prices may have found a floor. Opec secretary-general Abdullah Al-Badri said oil prices may have bottomed out

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Oil sees biggest gain in 2 years as bears book profits

Oil closed up as much as 5 per cent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009. A sharp bout of short-covering prior to expiry

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Brent seen staying in $100-130 range

  Brent crude oil prices will stay in the $100-130/bbl range on average through 2015, while US WTI  faces the risk of crashing to $50, says a new report from Bank of America Merrill Lynch.   Lo

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